Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter
ING lifts IO rates by 35 points

ING lifts IO rates by 35 points

Effective Friday, 7 July, the challenger bank is making a number of changes to variable rates across its home loan portfolio.

The reference rates for the following segments will change as follows:

• For owner-occupier borrowers with our Orange Advantage home loan, the principal and interest rates will decrease by 0.05 per cent p.a.

Advertisement
Advertisement

• For owner-occupier borrowers (with either an Orange Advantage or Mortgage Simplifier home loan), interest-only rates will increase by 0.20 per cent p.a.

• For investor borrowers (with either an Orange Advantage or Mortgage Simplifier), interest-only rates will increase by 0.35 per cent p.a.

ING will waive any switching fees until the 31 August for existing customers with interest-only loans wishing to switch to principal and interest repayments. With a principal and interest loan customers may be eligible for lower interest rates.

ING lifts IO rates by 35 points
mortgagebusiness

 

Latest News

The APRA Capability Review has been released, outlining that while the regulator has been “an impressive and forceful regulator”, it sho...

Two non-major banks have reduced their interest rate floors for home loan serviceability assessments, following moves from ANZ and Westpac. ...

Residential property values are expected to begin rising sooner than anticipated, with ANZ Research revising its forecasts in response to re...

FROM THE WEB
podcast

LATEST PODCAST: A shift in serviceability requirements

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.